To: Principled
I bought $10,000 of that 5% bill and received $526 interest, instead of $500. An outrage!
I bought $100 of goods and the sales tax added was $30, instead of the advertised 23%. That is an outrage.
337 posted on
12/24/2007 3:40:57 PM PST by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
To: Toddsterpatriot
Ah, but you’ve missed the point completely. That $100 of goods (under the income tax system) will now be $90 ... and you don’t pay an added tax of $30. Your effective tax rate would be something like 11% so you’d pay a total of $100 (tax inclusive) - and you only pay that if the item is taxable.
365 posted on
12/24/2007 4:31:48 PM PST by
baybabe
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